United Bank for Africa (UBA) Plc recorded total assets of N33.2 trillion as of December 31, 2025, reflecting a 9.4% increase from N30.3 trillion in 2024. Customer deposits rose 11.8% to N27.2 trillion from N24.3 trillion in the previous year. The bank posted gross earnings of N3.09 trillion, slightly down from N3.19 trillion in 2024. This dip was influenced by non-recurrent items, including loan loss provisions of N331 billion and N278 billion in fair value changes on derivatives. Despite these, operating profit before exceptional items exceeded N1 trillion, underscoring the strength of core banking operations. Shareholders' funds climbed to N4.25 trillion from N3.42 trillion, driven by a successful rights issue that brought in N395 billion, raising share capital and premium to N505 billion. The bank's capital adequacy ratio stood at 23.2%, well above regulatory requirements. UBA operates in 20 African countries, the US, UK, France, and UAE, with Pan-African operations contributing over 50% of total assets, revenue, and profit. West Africa subsidiaries reported 53% profit growth, while East and Southern Africa saw a 61% increase. Group Managing Director Oliver Alawuba attributed the performance to strategic balance sheet repositioning and compliance with Central Bank of Nigeria recapitalization rules. He noted strong investor confidence and ongoing investments in digital infrastructure to expand income streams.
Oliver Alawuba highlights investor confidence in UBA's rights issue while reporting a drop in gross earnings and massive non-recurrent charges. The bank's profitability was weighed down by N609 billion in provisions and derivative losses, even as it celebrates capital growth. Nigerians using UBA may see little immediate benefit from the raised capital, given the scale of recent financial setbacks. The bank's future gains are projected for 2026 and beyond, not the present.
💡 NaijaBuzz is an AI-assisted news aggregator. This content is curated from third-party sources — NaijaBuzz is not the original publisher and is not responsible for the accuracy of source reporting. The NaijaBuzz Take is AI-assisted editorial opinion only, not established fact. All persons mentioned are presumed innocent until proven guilty by a court of competent jurisdiction. NaijaBuzz does not endorse the views expressed in source articles.
